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MBM Port Seeks Controversial Cargo Expansion At Porto Romano, Durrës

MBM Port seeks controversial cargo expansion at Porto Romano, Durrës

Durrës, Albania (PortSEurope) May 5, 2020 – In 2015, the Albanian government signed a 35-year concessionary contract for the construction and operation of an oil terminal in the Porto Romano, Durrës, to MBM Port (Multi Buoy Mooring). In April 2020, the company requested a change to the concession contract to include the handling of other cargo types, the facility being at this time used exclusively
for oil shipments. MBM Port handles over 1.5 million tons of oil products annually. The opposition Democratic Party (PD) condemned parliament for expanding the contract, saying the effective privatisation was against the country’s laws and national security, and claiming it will increase smuggling and other criminal activity. The ruling Socialist Party claims that the port will take over activities from Durrës port which has been developing tourism services. MBM Port is owned by Kastrati Group (65%), Europetrol Group (35%), and Salillari shpk (1%). Kastrati is a leading independent privately owned petroleum company. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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